Merck (MRK - Free Report) recently announced that the FDA has approved its new combination antibacterial injection, MK-7655A, which is a fixed combination of relebactam and imipenem/cilastatin.
The medicine, to be marketed by the trade name of Recarbrio, is approved for the treatment of adults with complicated urinary tract infections (cUTI ) and complicated intra-abdominal bacterial infections (cIAI) caused by certain susceptible gram-negative bacteria.
Limited clinical safety and efficacy data led to the approval of the drug for the above-mentioned indications. Recarbrio offers an additional treatment option for patients with cIAI and cUTI, who have limited and in some cases, no alternative therapeutic options.
Recarbrio received the FDA’s Qualified Infectious Disease Product (QIDP) designation for the treatment of cUTI and cIAI. QIDP is a designation granted to antibacterial or antifungal drugs for human use, intended to treat serious or life-threatening infections. This designation can boost the sales uptake of the drug. We remind investors that the new drug application (NDA) for Recarbrio received Priority Review designation from the FDA. Merck expects to launch the drug later this year.
Shares of the company have gained 8.2% so far this year compared with the industry’s growth of 2.3%. Stock was slightly up in pre-market trading following the news.
Last month, Merck also received FDA approval for the label expansion of its antibacterial medicine, Zerbaxa, in two types of pneumonia infections — hospital-acquired bacterial pneumonia and ventilator-associated bacterial pneumonia (HABP/VABP). Zerbaxa, a combination of ceftolozane and tazobactam, was initially marketed for some complicated urinary tract infections.
Zacks Rank and Other Stocks to Consider
Merck currently has a Zacks Rank #2 (Buy).
Some other similar-ranked stocks in the large-cap pharmaceutical sector include Novartis AG (NVS - Free Report) , Sanofi (SNY - Free Report) and Roche Holding AG (RHHBY - Free Report) . You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Novartis’ earnings per share estimates increased from $5.00 to $5.01 for 2019 and from $5.54 to $5.60 for 2020 over the past 60 days. Share price of the company has increased 20.8% year to date.
Sanofi’s earnings per share estimates have moved up from $3.23 to $3.25 for 2019 and from $3.48 to $3.50 for 2020 in the past 60 days.
Roche’s earnings per share estimates have moved up from $2.45 to $2.47 for 2019 and from $2.44 to $2.52 for 2020 in the past 60 days. Share price of the company has increased 10.5% year to date.
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Merck (MRK - Free Report) recently announced that the FDA has approved its new combination antibacterial injection, MK-7655A, which is a fixed combination of relebactam and imipenem/cilastatin.
The medicine, to be marketed by the trade name of Recarbrio, is approved for the treatment of adults with complicated urinary tract infections (cUTI ) and complicated intra-abdominal bacterial infections (cIAI) caused by certain susceptible gram-negative bacteria.
Limited clinical safety and efficacy data led to the approval of the drug for the above-mentioned indications. Recarbrio offers an additional treatment option for patients with cIAI and cUTI, who have limited and in some cases, no alternative therapeutic options.
Recarbrio received the FDA’s Qualified Infectious Disease Product (QIDP) designation for the treatment of cUTI and cIAI. QIDP is a designation granted to antibacterial or antifungal drugs for human use, intended to treat serious or life-threatening infections. This designation can boost the sales uptake of the drug. We remind investors that the new drug application (NDA) for Recarbrio received Priority Review designation from the FDA. Merck expects to launch the drug later this year.
Shares of the company have gained 8.2% so far this year compared with the industry’s growth of 2.3%. Stock was slightly up in pre-market trading following the news.
Last month, Merck also received FDA approval for the label expansion of its antibacterial medicine, Zerbaxa, in two types of pneumonia infections — hospital-acquired bacterial pneumonia and ventilator-associated bacterial pneumonia (HABP/VABP). Zerbaxa, a combination of ceftolozane and tazobactam, was initially marketed for some complicated urinary tract infections.
Zacks Rank and Other Stocks to Consider
Merck currently has a Zacks Rank #2 (Buy).
Some other similar-ranked stocks in the large-cap pharmaceutical sector include Novartis AG (NVS - Free Report) , Sanofi (SNY - Free Report) and Roche Holding AG (RHHBY - Free Report) . You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Novartis’ earnings per share estimates increased from $5.00 to $5.01 for 2019 and from $5.54 to $5.60 for 2020 over the past 60 days. Share price of the company has increased 20.8% year to date.
Sanofi’s earnings per share estimates have moved up from $3.23 to $3.25 for 2019 and from $3.48 to $3.50 for 2020 in the past 60 days.
Roche’s earnings per share estimates have moved up from $2.45 to $2.47 for 2019 and from $2.44 to $2.52 for 2020 in the past 60 days. Share price of the company has increased 10.5% year to date.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%. This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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